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Stablecoin News

ECB Selects 36 Firms for Digital Euro Pilot

ECB Selects 36 Firms for Digital Euro Pilot

The trial with banks and payment companies will test online, offline, and e-commerce payments, while the ECB also responds to the rise of stablecoins like USDT and USDC.

Stablecoins are cryptocurrencies designed to maintain a stable value.

Stablecoins are usually pegged to a fiat currency such as the U.S. dollar or the euro. They are often used to move value quickly, trade, or temporarily step out of volatility.